Subsea
UK: Oil and Gas Sector Welcomes New Independent Regulator
Oil and gas bosses have welcomed news of a new independent regulator for the sector, which is to be based in Aberdeen. During an industry conference, Chief Secretary to the Treasury Danny Alexander, said the city would be the home for the new organisation, to be called the Oil and Gas Authority and
Wood Group Acquires Agility Projects AS
Wood Group has reached an agreement with Agility Group to acquire Agility Projects AS, a Norwegian engineering, procurement, construction management, installation and commissioning company, for a total consideration of NOK 1,008m (approximately $164m1). Based in Sandefjord, near Oslo, Agility Projec
Trelleborg Showcases Subsea Solutions at ONS in Norway
Trelleborg will present an extended range of subsea solutions, including its recently re-branded portfolio of thermal insulation materials and subsea seals, at the ONS Exhibition and Conference in Stavanger, Norway. Trelleborg Sealing Solutions and Trelleborg Offshore & Construction, located togethe
Atlantic Petroleum Starts Pegasus West Well Drilling
Atlantic Petroleum announces that drilling of the Pegasus West well 43/13b-7 has commenced on P1724 in the UKCS. The well is being drilled with the Noble Julie Robertson jackup rig in a water depth of about 95 feet. Pegasus West is being drilled approximately 7 km WSW of the 43/13b-6Z Pegasus North
6 Alpha Associates Completes Channel Islands Contract with Pelagian
6 Alpha Associates, the strategic advisor for managing specialist offshore risks, has completed a contract with Pelagian Ltd, a specialist subsea cable and hydrographic survey consultancy, supporting the Channel Islands Electricity Group in managing prospective unexploded ordnance (UXO) risk for the
James Fisher, KDM Team Up in Mass Flow Excavation Business
James Fisher – the UK’s leading marine services provider, announces the formation of a new venture with Aberdeen based company KDM Marine – James Fisher Mass Flow Excavation – to jointly offer their market-leading subsea excavation capability and resources to the offshore industry in a single entity
Hydrex, Subsea Industries Host Sales Conference
Recently Hydrex and Subsea Industries hosted an international sales conference which was attended by many of the companies’ agents from around the world. The conference was a highly instructive event for all those attending and everyone left with renewed enthusiasm for selling and supporting Hydrex
Cecon Subsidiary Rever Secures Extension of Senior Bond Loans
Cecon ASA, through its subsidiary Rever Offshore AS, has signed an agreement that extend the maturity of the senior tranche A and tranche B bonds funded by certain funds and accounts managed by York Capital Management Global Advisors, LLC or its affiliates (York) up to 31th July. The holder of the T
PGS Expects Weaker Q2 Results
Petroleum Geo-Services ASA (“PGS”) expects to report weaker Q2 results than current market expectations. Customers’ intentions with regard to seismic purchases, particularly MultiClient, have become less predictable recently. Accordingly, and considering the Q2 results, PGS lowers its full year EBIT
African Petroleum Farms-Out 10 Pct Interest in Block CI-509 (Ivory Coast)
African Petroleum Corporation Limited announces that it has entered into an agreement with Buried Hill Africa Limited (“Buried Hill”) to farm-out a 10% interest in Block CI-509 offshore Côte d’Ivoire in return for Buried Hill funding 21.1% of the cost of the next exploration well to be drilled on Bl
PSA Conducts Audit of Statoil’s Barrier Management on Johan Sverdrup
On 20 and 21 May 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil’s barrier management in the early phase of the Johan Sverdrup project prior to the plan for development and operation (PDO). Objective The objective of a pre-PDO audit is to monitor that the operator’s
Update: Costa Concordia Refloating Operations Begin
The Concordia refloating operations have started regularly. At 6 am the Senior Salvage Master, Nick Sloane, reached the Remote Operations Center located on the Concordia with the rest of the team. With the arrival of the ferry at 8.30 am the final phase of the lightening of the wreck has begun. Only
PHOTO: EEW Building XL Monopiles for DONG Energy’s Gode Wind 1 and 2 OWFs
The EEW in Rostock, Germany, is working on the 940 tonnes XL monopiles that will be deployed at DONG Energy’s offshore wind farms Gode Wind 1 and 2. The 66.5 meter long monopiles have a diameter of 7.5 meter and a total weight of 940 tonnes. According to schedule, the monopiles will be rammed into [
Tangiers Provides TAO-1 Well Update, Morocco
Tangiers Petroleum Limited provides an update on the drilling of the TAO-1 exploration well, located offshore Morocco. No major operational issues have occurred to date and the well is expected to intersect the Assaka and Trident objectives within 60 days from spud, as previously announced. As the w